Bitcoin Intraday: rebound towards 69060
May 20, 2024 2:35 AM
rebound towards 69060.
65380 is our pivot point.
Our preference: rebound towards 69060.
Alternative scenario: the downside breakout of 65380 would call for 63950 and 63090.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (66393) but under its 50 period moving average (66804).
Supports and resistances:
70770 **
69910 *
69060 **
68210
66505 last
65940
65380 **
63950 *
63090 **
Our preference: rebound towards 69060.
Alternative scenario: the downside breakout of 65380 would call for 63950 and 63090.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (66393) but under its 50 period moving average (66804).
Supports and resistances:
70770 **
69910 *
69060 **
68210
66505 last
65940
65380 **
63950 *
63090 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
Bitcoin
69414
-187.17999999999302
-26.90%
